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Dec 6, 2012
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. >> i think it underestimates the potential impact on the economy and the very people we're trying to protect would be the most affected if that happened. so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that is there are 535 of us and i'm willing to solve the problem and compromise. i don't want to be penalized because of somebody else. >> fair enough. congressman connolly, we thank you for being here. i take it that means you want to keep collecting your paycheck. >> i want to get something done for the american people and in congress of two years the people get to throw us out of office if we didn't do our job. >> thank you, fair enough. glad you got that cough under control. tomorrow maryland senator ben cardin will be here and talk about fiscal cliff as well at 7:00. you can send in questions to mailbag@wusa9.com or leave a
. >> i think it underestimates the potential impact on the economy and the very people we're trying to protect would be the most affected if that happened. so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that...
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Dec 6, 2012
12/12
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not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle comin
not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you...
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Dec 1, 2012
12/12
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>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24 hours, is this the necessary public posturing that needs to go on or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me in the last three weeks, i've been very guarded because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when -- when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a
>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly,...
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Dec 5, 2012
12/12
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economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as well go off the cliff or not. it really does not matter. if it is not january 1, it is not going to be too long from now before we start taking a sharp pencil to things. >> i sympathize with what larry is saying. what i am proposing, and what we are actually debating here is not to solve all of our problems ad infinitum into the future. there should be to solve this over the next decade so we get to a stable place. that is very doable in the context of the debate we are having now. if we get $3 trillion and debate the arithmetic, i think that is using reasonable assumptions abou
economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as...
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Dec 6, 2012
12/12
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we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they spent four years obstructing this president and failed, why do it again from the outset of his second term? >> well, you know, there's good news for the republicans, martin. karl rove's group, crossroads gps is going to spend some money for some ads, and we know that's a successful strategy in convincing the american people. >> that's good news. >> i can't pass that chance up to do that. >> i understand. >> i think part of what's so important about the polling, we talked about this on monday and the quinnipiac polling you were showing, the republicans ha
we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they...
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Dec 7, 2012
12/12
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>> meaning there is a major skill mismatch in this economy. even chairman bernanke hinted that the in a speech two weeks ago. i don't think we can down play this mismatch. it's for real. >> in other words, not enough skilled workers. >> for all jobs. >> aurks i want to bring up a policy question. to joe's point, maybe the programs that have been put in place -- when you think about the money, the stimulus, everything that's gone into trying to make this recovery real in the economy and get jobs created, and we're still at this stage. i mean, maybe the programs that were put in place weren't right. maybe they should have been more skill matching programs. >> if by that you're saying unemployment insurance, that's a complete misnomer. first of all, you can't get unemployment benefits unless you're actively looking for work. if the people at the unemployment benefits office find out you were offered a job and you're turning it down, you lose your benefits. i think that part of the story would bear a little more scrutiny rather than just taking it
>> meaning there is a major skill mismatch in this economy. even chairman bernanke hinted that the in a speech two weeks ago. i don't think we can down play this mismatch. it's for real. >> in other words, not enough skilled workers. >> for all jobs. >> aurks i want to bring up a policy question. to joe's point, maybe the programs that have been put in place -- when you think about the money, the stimulus, everything that's gone into trying to make this recovery real in...
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Nov 30, 2012
11/12
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CURRENT
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we just have to get this economy as you said repeatedly, back in balance and that's probably the best place to start. >> jennifer: totally agree. totally agree. so we are on the same page. so let's get to the specifics. what would you suggest in terms of specific policies? give me a couple of examples of policies that you think would had he been bring manufacturing back? >> well, the gating policy, governor is to have a manufacturing policy. every one of the g20 minus only ourselves has very specific policies that they call industrial policy, manufacturing policy and for a variety of political reasons not very good reasons, we don't have such. but we have to get moving quickly as the president has said in the post election period. and probably the best thing that we could do right now governor, is a national infrastructure bank in your home state and every other state of the union we know that we have a very deteriorated infrastructure base, that's probably the most intimate thing that we could do to reenergize manufacturing. the second thing is buy domestic, buy american, not anymore
we just have to get this economy as you said repeatedly, back in balance and that's probably the best place to start. >> jennifer: totally agree. totally agree. so we are on the same page. so let's get to the specifics. what would you suggest in terms of specific policies? give me a couple of examples of policies that you think would had he been bring manufacturing back? >> well, the gating policy, governor is to have a manufacturing policy. every one of the g20 minus only ourselves...
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Nov 30, 2012
11/12
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
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charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] itoesn't. stop ptending. only flood insurance covers floods. visit floodsmart.gov/pretend to learn your risk. charles: paying for security? it could make us more financially insecure. senator tom coburn saying that homeland security has spent $35 billion in grants to make america safer. but it still can't measure if we are actuall
charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your...
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Dec 7, 2012
12/12
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that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind closed doors and the reasoning behind it. let's listen. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> does that make it easier to keep politics out of it? >> i think it helps for the two men to make a deal that might work for all sides. i sound like i'm a broken record for myself but i'm still trying to find out if both parties are trying to f
that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind...
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Dec 7, 2012
12/12
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that is what the economy needed. i think our problem is we didn't get enough. >> eliot: it's fascinating you articulated this way. judge poser was an iconic voice within the chicago school of economic supply. he went through the same transformation saying different circumstances call for different responses. you don't disavow of word of margenal rates. >> that's exactly right. i don't understand this idea of cocky cutter economics where you simply do the same thing regardless of circumstances. you analyze the data, look at the economy, you come up with policies that are appropriate. >> eliot: now, you have been a rather harsh critic of the way the second president bush ran the economy basically saying he disa vowed principles and put in place massive spending without caring about deficits at all. you were there. what happened as you saw this and did you push back? >> oh, yes i wrote a book called imposter, president bush destroyed the economy. which got me fired from my think tank job. it was contrary to conservative
that is what the economy needed. i think our problem is we didn't get enough. >> eliot: it's fascinating you articulated this way. judge poser was an iconic voice within the chicago school of economic supply. he went through the same transformation saying different circumstances call for different responses. you don't disavow of word of margenal rates. >> that's exactly right. i don't understand this idea of cocky cutter economics where you simply do the same thing regardless of...
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Nov 29, 2012
11/12
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it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we believe in, simply because we accept that part of his offer doesn't mean we have to agree with the rest. but what i think a lot of people forget is, look, these tax rates are going up automatically unless congress acts. i favor acting to save as many of them as possible. >> makes sense. here's today, the speaker of the house john boehner signaled you out for your remarks on the compromise. let's listen to what you he said about you, sir. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you rais
it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we...
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Dec 2, 2012
12/12
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the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the first week in january and you pass a bill and then the tee partiers, boehner can make the argument to them if twhanlt to be reasonable. now you're voting for a tax cut. not for everyone but for 98%. before that happens the tea party people will say we're voting to raise taxes on the research. if you're voting to let it happen on its own -- >> do you people buy that story? they know what the mechanics of this thing are. >> let me finish one second. the tea partiers have to worry, some of them,ing being challenged from the right if they vote for anything resembling
the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the...
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Dec 6, 2012
12/12
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i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to exit out of this quickly is to say he won the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people
i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many...
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Dec 2, 2012
12/12
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going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are in a difficult position. and they're going to have to figure out their politics of what they do next and they're trying to figure that out right now. we're going to work very hard at this and we're going to keep talking to each other. and, again, i think we have a very good chance for coming together on an agreement that not just protects 98% of americans from a tax increase and protects the economy from deeply damaging upfront spending cuts and protects the med from leaving us vulnerable to, you know, periodic threats of defaults by politicians, i think we can do better than that and do something good for the long
going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are...
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Dec 3, 2012
12/12
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Dec 5, 2012
12/12
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CURRENT
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we can't have a productive economy that's in service of wall street. the hyper trading is only bad for creating those markets. i think we should have a very small fractional transaction tax that would then go into help them pay for the bailout and actually, it's not good to be doing all that hyper trading. >> i think you should be secretary treasure you are. thanks for coming on the show. >> fox news chairman flexing his political muscle, caught on then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...but i'm a woman. maybe it's a misprint. does it look like a misprint? ok. what i was trying... [ voice of dennis ] silence. ♪ ♪ ask an allstate agent about the safe driving bonus check. are you in good hands? [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. jus
we can't have a productive economy that's in service of wall street. the hyper trading is only bad for creating those markets. i think we should have a very small fractional transaction tax that would then go into help them pay for the bailout and actually, it's not good to be doing all that hyper trading. >> i think you should be secretary treasure you are. thanks for coming on the show. >> fox news chairman flexing his political muscle, caught on then how'd i get this... [ voice...
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Dec 6, 2012
12/12
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our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health
our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking...
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Nov 29, 2012
11/12
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CNBC
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how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small business
how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an...
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Nov 29, 2012
11/12
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FBC
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this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
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Dec 4, 2012
12/12
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enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the
enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past....
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chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we recommend... not more than two per day. yeah, when we first came out with the product... you know, i made sure of one thing. if my family wasn't going to use it... if it wasn't good enough for my family if it wasn't safe for my family... i'm not gonna put it out there. i take it almost every day. and twicwhen i play tennis. this is our criteria that we have to be safe... if we're notilling to do it ourselves... we're not asking anybody else to do it. we're not gonna sell it. so, that's our approach to safety... that is a higher standard you can get. charles: paying for
chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we...
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Dec 4, 2012
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the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering and you get a lot out of washington. this is a self-created drama, of course. these cliff negotiations. but the markets are remaining relatively calm and steady. why are investors being so cool and above the fray when everybody else is running around with their heads cut off? >> everybody thinks what you see on tv with the duelling positions and we refuse to negotiate, the market sees it for what it is, which is theater. everyone is staking out the position trying to suck up to the base. there will be behind the scenes caving at some point, and if there isn't, if everyone just says absolutely not,
the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering...
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Dec 2, 2012
12/12
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 7, 2012
12/12
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how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immedi
how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll....
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Dec 1, 2012
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>> i don't know that it's as much an effect on the housing economy as on the economy in general. as you said earlier it takes a little bit of purchasing power away from people and that's the general problem. i think it is the case that housing marketeds are turning up most places over the last year have had property values on single family homes according to the inddesm go up so things are getting better. i think if they do slow down i think it's less likely to be about this than about fiscal policy. host: back to the phones and our discussion on the mortgage debt relief act with the chairman of the gw university school of business' department of finance. and jeff from portland, maine is our next caller. caller: about these predatory loans that these people and the banks did and then they turn around and bet on them to go bad, it's ridiculous. and to solve it they ought to all go to prison instead of trying to fix it they all fight about it. >> well, people who commit crimes probably should go to prison. my impression of what's happened is that by and large it's been lawsuits and
>> i don't know that it's as much an effect on the housing economy as on the economy in general. as you said earlier it takes a little bit of purchasing power away from people and that's the general problem. i think it is the case that housing marketeds are turning up most places over the last year have had property values on single family homes according to the inddesm go up so things are getting better. i think if they do slow down i think it's less likely to be about this than about...
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just can't seem to get the economy going. lots of efforts and a ton of help from the state of chicken. why can't you get this back on track? >> like every urban area in the country, we are suffering in the foreclosure. we live and die by property taxes and sales taxes and they are all coming in shorter than anticipated. basically because the property values in detroit. it is starting to pick up in michigan. we just need a little bit more time in order to get our financial house in order. in order to grow our economy. gerri: i have heard that before. we need more time to get our fiscal house in order. wouldn't it make more sense? i know that you are probably playing all kinds of different groups. all kinds of different political groups who want to have their voice heard. wouldn't it make more sense to come in and have the state on this thing -- the thing that we will fix this thing and get it done. >> unfortunately, they can't unilaterally change them. so the financial emergency manager coming into detroit, setting us back a y
just can't seem to get the economy going. lots of efforts and a ton of help from the state of chicken. why can't you get this back on track? >> like every urban area in the country, we are suffering in the foreclosure. we live and die by property taxes and sales taxes and they are all coming in shorter than anticipated. basically because the property values in detroit. it is starting to pick up in michigan. we just need a little bit more time in order to get our financial house in order....
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Dec 6, 2012
12/12
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weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unclear dimension, nobody knows, i don't know, how bad the whirlwinds will be if we fail to do this on time. and one thing for certain, there's no guarantee that a huge drop in faith by the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungy jump. that's "hardball" for now. "politicsnation" starts with al sharpton. >>> thanks, chris. it didn't come from the white house, it didn't come from democrats, it came from senator jim demint. the tea party hero who famously made this vow with the president's health care law. >> if we're able to stop obama on this, it will be his waterloo. it will break him. >> guess what, it wasn't the president's waterlook but today he announced that he's leaving the senate to run a conservative think tank. and just like that, gone is is a man who represented all of t
weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unclear dimension, nobody knows, i don't know, how bad the whirlwinds will be if we fail to do this on time. and one thing for certain, there's no guarantee that a huge drop in faith by the world economic markets will be followed by a quick rebound. as i said, this is a...
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Nov 30, 2012
11/12
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economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff,
economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be...
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Dec 6, 2012
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>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost religious and ideological, how fervently that belief is and how common that is among people who make a ton of money. >> it's one of the few times that you find a vague semblance of ideology in these people. because they're very practical, most of the time. whatever works in terms of making money is what they'll all choose. but you're right, sometimes even when you show them the numbers and say, listen, recognizing unions, you can be more profitable overall, they don't like that. >> felix salmon, reuters finance blogger, who will be live blogging in january, you should check that out, thanks for
>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost...
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Dec 7, 2012
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i know it's in the best interest of our economy and the world. everyone is looking to the united states for leadership and this president has exerted so much leadership, we need to continue that. it's not one party benefiting over another. it's for all americans to benefit for our economy to repair itself and for us to get on with taking care of the people that we represent. >> now, john boehner, e.j., some reports say he's been receiving a lot of is support from his caucus. others are saying that some of those are still holding a lot of strength and they've got to watch their back that they are not undermined and given candidates in primaries against them as they go forward. what is the state of the republican party and how will that impact these discussions? >> well, i think two things are true at the same time. the tea party conservatives haven't gone away. some of them lost but most of them got re-elected and so they are going to put pressure on boehner. the talk show host, particularly rush limbaugh, are going to be out there talking negativ
i know it's in the best interest of our economy and the world. everyone is looking to the united states for leadership and this president has exerted so much leadership, we need to continue that. it's not one party benefiting over another. it's for all americans to benefit for our economy to repair itself and for us to get on with taking care of the people that we represent. >> now, john boehner, e.j., some reports say he's been receiving a lot of is support from his caucus. others are...
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Dec 5, 2012
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that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republican party. when i saw senator dole in his wheelchair yesterday and military disabled individuals throughout the world, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any
that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host:...
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Dec 4, 2012
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as this goes on, the american economy stalls, wall street's nervous, the consumers that should be out there now buying lots of christmas presents and boosting the economy will be reticent because they'll be thinking hang on, what's going to happen come the end of the year, am i suddenly going to have to find more money. everything starts to once again get paralyzed and somebody's got to give here. now, are the republicans prepared to go over this cliff on the pure point of refusing to allow increased income tax on the richest 2% of the country? and if so, why? it's such a small thing to fall over a cliff over, isn't it? who cares if the super rich pay a little bit more tax? they don't care. it's not going to affect their ability to invest. >> well, piers, you've just outlined the president's narrative and robert gave you the president's sense of entitlement and mandate that he thinks he has. but let's go back four years when the president was polling not at 52% but at 70% after just being elected, beating a war hero, and he thought he could do anything and he -- the country would go a
as this goes on, the american economy stalls, wall street's nervous, the consumers that should be out there now buying lots of christmas presents and boosting the economy will be reticent because they'll be thinking hang on, what's going to happen come the end of the year, am i suddenly going to have to find more money. everything starts to once again get paralyzed and somebody's got to give here. now, are the republicans prepared to go over this cliff on the pure point of refusing to allow...
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. >> deal or no deal, i don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened. thank you. for us that is it good night from new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it is dead. i am neil cavuto, allow me to be so blunt to say, what else can you say about a light taken out of the party, republicans who 1 proudly school their tax drowned over decades, seeding that and then some over weeks, only real debate among the grand old party is how much to hike taxes, not if. i did not know they lost their backbone. starting 800 billion in tax hikes to match the president, shouldn't surprise anyone whether we doubled that to $1.6 trillion, that will become the new starts point for the president. new york times and front page story praising john boehner's grip to the party here, appears
. >> deal or no deal, i don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened. thank you. for us that is it good night from new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know...